Professional
Added to YB: 2024-10-01
Pitch date: 2024-09-29
COG.AX [bullish]
COG Financial Services Limited
+120.82%
current return
Author Info
Hurdle Rate is an Australian Unit Trust run by a CPA who shares global stock pitches on their website. Sign up for the newsletter.
Company Info
COG Financial Services Limited, together with its subsidiaries, engages in equipment financing and broking, aggregation, insurance broking, and novated leasing activities for small to medium-sized enterprises in Australia.
Market Cap
AUD 203.3M
Pitch Price
AUD 0.90
Price Target
N/A
Dividend
8.12%
EV/EBITDA
6.81
P/E
15.52
EV/Sales
1.01
Sector
Capital Markets
Category
dividend
COG Financial Services (ASX:COG)
COG.AX: Asset finance broker/lender trading at 8x P/E, 13% div yield. Acquired Paywise ($30M) & Community Salary Packaging ($2.1M), boosting novated leasing exposure. Shift from traditional broking to leasing due to tax changes & interest rates. Insider/institutional ownership aligns interests. Naos sold, but Thorney bought in. IAWO extended to 2025, EV FBT exemption until 2025/2027.
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